Which of the following factors is expected to cause the demand curve for coffee to shift to the right?
A) An increase in the supply of coffee due to better weather
B) A higher personal tax on the income of all consumers
C) A fall in the manufacturing cost of coffee
D) A higher tax on the sale of tea, a substitute for coffee
D
Economics
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Most of the state and local government employees are in what area?
A. Health care B. Education C. Administration D. Highways
Economics
Based on the figure below. Starting from long-run equilibrium at point C, a tax increase that decreases aggregate demand from AD1 to AD will lead to a short-run equilibrium at point ________ and eventually to a long-run equilibrium at point ________, if left to self-correcting tendencies.
A. D; C B. D; B C. A; B D. B; C
Economics